pg249n
Hi, I recently took my GMAT and scored 595 on Focus (equivalent to 640 on GMAT as per their website). I've 9 years of diversified experience from working in fortune 500 to handling family business and even starting a new venture. I'm confident about my work experience but I'm a bit skeptical about my marks. I'm wondering if I should apply in Round 2, or take GMAT again after another month or so of preparation and then take my chance in Round 3?
I mean, whats the score which one should aim for and whats an ideal score for someone with 9+ years of experience.
pg249n Hope you are doing great!
A few key points I would like to bring to your notice.
1. With over 9 years of experience you are not in the focus target group for a program like ISB PGP. ISB takes in about only 50 folks every year who have more than 8 years of work experience. Therefore, even if the number of older applicants applying to ISB is less than the other age groups, 50 seats still create a very competitive selection. You should consider applying to other schools if MBA is on your mind, to hedge risk.
2. Now since the competition is going to be tough, you must definitely present your best self and improve your scores by at least a few points. An 80th percentile on both sections should do the magic as a family business and entrepreneurial background can pivot the decision in your favor.
3. Sometimes applicants underestimate the wealth of experience they gain as a self-employed person or in a family business. One aspect that is highly valued by both business schools (including Indian B Schools) and recruiters is the hands-on experience of directly managing various important projects (if you come from a family business, you should have had this experience). Think about the contributions you have made to your family business and focus on the key success metrics that you have independently led. Candidates who have experience scaling a family business can offer a unique perspective, as they have first-hand experience of the impact of decisions that are aligned with specific goals.
As a member of a new generation in the family business, you can illustrate your case with examples that highlight your fresh and unconventional approach to the business. This will set you apart from the traditional norms that family business management adheres to and motivate you to pursue an MBA now. The experience of working in a family business brings with it significant learning experiences and challenges that, if presented effectively in your application, can make you a strong candidate.
Feel free to connect should you want professional and honest advice.
Aanchal Sahni (INSEAD alum, Former INSEAD MBA admissions interviewer)
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